Realogy Finalizes 8.5B Merger with Private Equity Firm Apollo

//April 10, 2007

Now under private ownership, RealogyÂs stock will cease trading today on the New York Stock Exchange. Realogy shareholders are entitled toRealogy Corp., a real estate franchisor based in Parsippany, today announced the finalization of its $8.5 billion acquisition by an affiliate of Apollo Management LP, a global private equity firm with its U.S. offices in New York City and Los Angeles. Apollo is paying $6.7 billion for RealogyÂs equity and assuming $1.8 billion in debt.

RealogyÂs businesses include real estate brokerage, relocation and title services. Its brands include Century 21, Coldwell Banker, The Corcoran Group and SothebyÂs International Realty. It has approximately 15,000 employees worldwide.

Now under private ownership, RealogyÂs stock will cease trading today on the New York Stock Exchange. Realogy shareholders are entitled to receive $30 a share, which was about the price the stock traded at two weeks ago.